New Tax ChangesTax Free Exchange

Solving Your IRS Tax Problems-New Tax Exchange

As a tax payer, you sometimes wonder whether you have paid the just amount of tax. If you are aware of your due taxes, then you can easily determine whether you are filing the right amount or you are being unconsciously charged with as much as you should not be. There are products and services that you pay for that are also taxed, so you need to be conscious and wary about these things especially on the New Tax Exchange.

Filing your taxes as an individual may be or may not be a tedious process, which depends on your knowledge as a tax payer. So you should know the rights that you are entitled as a tax payer. There might be products and services out there that may have had charged you with taxes that you are not certainly aware of.

The Internal Revenue Service can provide you assistance with your tax information as well as all about filing your taxes, what are the income brackets of taxes, what are the exempted products and services for taxes or what we call tax free products and services, and a whole lot more vital information about taxes.

Should you need further information about your tax and tax filing, there are also web based forums and web sites that can certainly help you. Because there are just those times that the IRS and their letters haunt you and knocks you down. You thought you are paying your dues very well, but there seem to be a lot more complications than you thought.

Now there are professionals who can help you get out from those disturbing circumstances; help you figure out what needs to be figured out and then provide resolution to the problem. They one of the best people to consult about these tax pains. So you can stop worrying and talk about your IRS tax problems, for they surely have the solution to that!

Sec Employee Personal Trading Compliance Requirements

One of the main issues impacting compliance officers today is the difficulty of monitoring the personal trading activities of employees in accordance with best practice and industry regulations. Adherence to rules such as SEC Rule 17j-1 and Rule 204A-1 and adoption of the best practices recommended by the SEC can be very time consuming and distracting for any compliance department.
The main requirements of an Investment Adviser under rule 204A-1 and Rule 17j-1 are:
Adoption of Code of Ethics.
Process to monitor employee personal trading
Reporting by all access persons of all holdings within ten days of becoming an access person and at least once within each twelve month period thereafter.
Submission of transaction reports by access persons no later than 30 days after the end of each calendar quarter. The report must cover, at a minimum, all personal trading transactions during the quarter.
Trade Pre-Clearance approval of certain investments. Access persons must obtain approval before they directly or indirectly acquire beneficial ownership in any security in an initial public offering or in a limited offering.

The SEC when amending rule 17j-1 in 2004 also recommended that Investment Advisers adopt the following in their code of ethics.
Prior written approval before access persons can place a personal securities transaction (“pre-clearance”).
Maintenance of Restricted lists e.g. Lists of issuers of securities that the Registered Investment Adviser firm is analyzing or recommending for client transactions, and prohibitions on personal trading in securities of those issuers.
Maintenance of “restricted lists” of issuers about which the Registered Investment Adviser has insider information, and prohibitions on any trading (personal or for clients) in securities of those issuers.
Blackout periods when client securities trades are being placed or recommendations are being made and when access persons are not permitted to place personal securities transactions.
Reminders that investment opportunities must be offered first to clients before the Registered Investment adviser or its employees may act on them, and procedures to implement this principle.
Prohibitions or restrictions on short-swing trading and market timing.
Requirements for employees placing personal trades to trade only through certain brokers, or limitations on the number of brokerage accounts permitted.
Requirements to provide the adviser with duplicate trade confirmations and account statements.
Procedures for assigning new securities analyses to employees whose personal holdings do not present apparent conflicts of interest.

There are many Personal Trading or Compliance Management systems which allow firms to automate this employee personal trading process. These systems vary from systems which capture employee brokerage statements to systems which allow you to provide end to end employee personal trading surveillance.

Bank Jobs For Your Bright Future

Jobs in bank in India have a lot of scope. One can discover it very exciting to do job in a bank. But at the same time you will be successful; you put all the hard work and live a stress free life. Through banking jobs, you have great chance to meet different kinds of people from different backgrounds. An individual can learn a lot from as he gains knowledge and skill over a period of time. However, the bank job is not everyones cup of tea and not really similar to walking in a park. People working in bank are working under great pressure as they have to handle money. Even a small mistake can bring misery to their life.

Do you have interest in a banking job? Banking is a core function within the fiscal services industry and banks are among the chief employers within the economic field. Have a look on the principal job categories and employers within it.

The idea behind banking is plainly simple. Collect deposits from people or business associates with excess funds. Lend the collected money to people who require cash money due to some emergency. Pay the depositors less interest rates than what they charge to the borrowers. Turn an income on the “spread” between the rates on deposits and the interest rates on loans.

At present, both private and government banks are active in the field and you can easily search a job for own according to your qualification and experience. For some people collecting and counting is like a toy game and give them happiness. However, some find it very tricky and burdensome. As far as salary is concerned, you can fetch a good salary from banking jobs. You can easily find a 6 digit salary in a month. Many a times, salary can be more than that if working with private banks.

This foremost thing that should be considered by a person is to ask the main reason for joining the job. Money can be one reason and brand name could be another reason. Some people join bank jobs as they wish to learn something new. However some parents and families force their children to get into bank jobs.

If you are really interested in bank jobs, you can check advertisement in the newspapers and online web portals available at your services. You can find best jobs for own without going out through online job portals easily.

How virtualization benefits tax and accounting practices

An increasingly popular way of delivering IT services is through virtualization, which comes in several flavors. With server virtualization, a physical server is split into multiple virtual servers. Each virtual server can run its own full-fledged operating system, and these operating systems can be different from one virtual server to the next. The physical server typically runs a hypervisor program to create the virtual servers and manage the resources of the various operating systems. Then each virtual server can be employed as if it were a stand-alone physical server, thus reducing the number of physical servers needed in an IT shop and saving the organization money and space.

By desktop virtualization, whatever user sees on his/her desktop is completely isolated from the physical machine and accessed through a client/server computing model. This virtualized desktop environment is stored on a server, rather than on the local storage of the desktop device; when the user works from his or her desktop device, all the programs, applications, and data are kept on the server and all programs and applications are run on the server. In this kind of practice, the server does almost all the work and a thin client can be a normal desktop or it can be even notebook, smartphones.

The above virtualization model can serve ideally to the tax and accounting professional. For a general accountant or CPAs, the desktop consists of tax and accounting applications as well as many other supportive tools to process their operations. These applications require heavy system resources to function and there is even desperate need of any expert technician to manage their setup. Having separate desktop setup for each individual in the office not only costs in the term of licensing but also gives us huge burden of resource setup and management. A centralized server helps us to address these concerns.

Tax and accounting professionals can opt to use cloud computing to host their resources. Cloud computing is the latest form of the virtualization technology. By implementing cloud for tax and accounting practices, all the benefits of cloud computing get inherited to the operations of tax and accounting jobs. The major benefits of cloud computing are: increased performance, high availability, anywhere and anytime access and reduced expenses which can be very helpful to boost the performance of accounting firms or departments.

It is not necessary to have our own cloud computing or virtualization infrastructure to share the benefits of these technologies. We can choose any hosting provider to host our tax and accounting applications to get these features of technology. We even get full technical support on our resources. The hosting provider becomes responsible for setup, management and to fix the issues.

About Forex Trade An Introduction To Forex Market

Forex is an abbreviation of Foreign Currency Exchange. People call it fx or 4x as well. Forex market is all about selling and buying of currencies worldwide. It is getting more and more attention globally with the trading volume of about $70 billion when it is first established up to a whopping $4 trillion today. Let us have a look into more about forex trade.

Forex currency market is setup when the fixed currency exchanges are abolished in early 1970s. Since then the trading volume is getting higher and higher every year together with the invention of more advance technology. The trading volume grows exponentially when the introduction of Internet hits global level with more and more retail forex brokers open for forex traders to trade forex market.

The trading of forex happens globally hence there is no centralized location to keep track of all the trading volumes at one particular place. The major trading centers are located at Tokyo, Sydney, Hong Kong, Frankfurt, London and New York. Therefore when you look at the forex market hours you will see mainly those few locations opening and closing hours provided by most of the sites.

Forex is traded in pairs where the strengthening and weakening of the currency is affected by the employment change, home sales, retail sales, interest rates and other important financial attributes. It used to be only the people with certain huge amount of money that can participate in forex trading. The rule changed and we can a lot of forex traders trading to make a fortune out of forex market.

What are currency pairs available for trading? The most liquid currency pairs that most forex traders trade are the currency with US Dollar as base or quote currency. For instance, USDJPY the US Dollar against the Japanese Yen and EURUSD the Euro against the US Dollar. EURUSD is currently the most traded pairs internationally with the smallest spread among all other currency pairs. The spread being the difference between the bid and ask price. Forex brokers earn from the spread instead of commission.

There are more to learn about forex trade as there are many terms use in the world of forex market. It is the right time for you to explore the forex market with endless opportunities to get involve in this huge financial market. You can share a piece of the pie if you really know how to trade currency pairs according to the factors that affect the market.

Sample letter for loan modification demystified

When you are faced with financial hardship and you want to write an effective letter for loan modification, there are some basic rules you need to abide with for your application to be accepted. I have drafted here a sample letter for loan modification. Start the letter by writing your name, loan number, contact address, phone number, and may be your email address. Then in the body of the letter: To Whom It May Concern I’m writing this hardship letter to you in order to explain the reasons behind my requesting for a loan modification on my mortgage payments. I made my last payment just before August last year, since then I was not able to make any other payment on my monthly mortgage, reason is because of my husband terminal illness with gulp huge amount of money from our treasury since then it become increasingly difficult for me to handle alone. I am requesting for an interest reduction down to YX% from my current XX%. I feel it is a fair percentage for you, and this will be within my means. Prior to husband illness, both of us have been making enough to carter for our mortgage. Even when our interest rate rose to XX% we had no difficulty paying it. However, since the illness, I was left with half of the monthly income I had before. I had been pulling together enough to pay the bills and mortgage by pulling from our savings and the small amount of life insurance I received, but I can not cope for now that is why I requested for loan modification option from you. Without you lowering my interest rate, I won’t be able to afford the monthly payments. I have to make a choice between a loan modification and a foreclosure. I prefer the former far better than the later, and you probably would as well. YX% is the most I can afford now, even if I cut all of my expenses out of the picture. Please consider my application seriously and I hope to hear more from you on this matter soonest. Sincerely, Your Name (with date) You will notice that this letter is simple but straight to the point, it explain the circumstances of the loan seeker and her ideal interest rate based on her present income, she also showcase seriousness, she also let the lender know she would like to still maintain her home, the letter also pleads a good case for the lender, your lender must be aware of your choice between modification and foreclosure, although your lender may lose money on loan modification but it can not be compared with foreclosure, if you get all your facts, numbers and story straight you can put up a compelling hardship letter. Further more, for essential tips and facts on how to get quicker approval on your loan modification, I have done some research on this for you, visit for updated information.

Axis Bank Home Loan

Axis Bank is one of the best renowned and reliable private bank in India. Axis bank was also known as UTI Bank. Home loan offered by Axis bank is having high demand. Axis Bank home loans with its power-packed features make your dream home a reality.

The attractive rate of interest, minimum documentation, door step service, assure hassle-free processing, property counseling, easy repayment options, secured document storage and many other striking features made Axis the most preferred bank for Home Loans.With the help of Axis Bank home loan many people are able to make true their dream of owning a sweet home where they can spend their all life in peace and pleasure.

Axis bank offers loan in both type of property either commercial or residential at the same time the Bank serves home loan to salaried, self-employed businessman & self employed professionals. Axis bank is offering you home loan in a very easy rates of interest at the same time the bank is also giving you choice of repaying the loan by floating interest rates and fixed interest rates.

Axis bank is committed to its all borrowers to offer them the most flexible and easy home loan. The Bank is also providing its services along with the team of experts and professionals who are always trying to provide best services to its clients in case of loan.

The Bank has to do verification before sanctioning the desired loan of clients. The motto of this bank verification is very simple bank just want to be confirm that it is not providing money to any wrong purpose or cause. The criteria of doing this verification are simple and easy. Axis Bank judges its clients in its own way. The dealing out and executive fees cover all these expenses. After the relevant verifications the financer funds up to 80% maximum of the cost of the property (Agreement value + Stamp duty + Registration charges) based on the repayment capacity of the customer. Axis Bank offers best home loan interest rate for purchase of fresh property (directly from builder) resale or for construction of houses.

In spite of home loan Axis Bank offers other loan also for its client, such as, Personal Loan, Car Loan, and others.

The Bank also offer some other facilities to its clients by which its clients can get the maximum satisfaction, such as, Set up Repayment Facility, Flexible Loan installments plan, and Tranche Based EMI.

Benefits Of Jewellery Insurance

Every household family in India carries gold and diamonds in form of jewellery or as a solid brick to make an investment. Probably apart from house, this is the second most precious thing in a family. Hence, to safeguard requires is Jewellery Insurance. Many people may take it as vague idea, but yes it not only gives safety but also helps in covering loss in event of any unfortunate circumstance. Jewellery insurance is not been covered by all insurance companies but a select few with the fine terms which needs to be read before declaring value and making jewellery insured.

The first and foremost benefit is of course the safety part. If a household carries jewellery worth Rs. 5 Lakh and a special occasion like marriage is due in family, its advisable to protect one from unforeseen circumstance by going in for jewellery insurance.

The process of obtaining insurance on jewellery starts with furnishing of invoice of the jewellery to the insurance company. The Insurance company then carries on valuation of jewellery by the empanelled jewellers. Once formalities done, the insurance company determine the Insured declared value. Next, comes reading and signing the declaration. Its vital to read the terms carefully as historically over 25% of the claims gets rejected in India due to faulty insurance policy or unawareness by signing on the consent form without reading the terms and conditions. It leads to not only loss in premium but also give one hassles and mental agony at the claim process. Its also advisable to take couple of snaps of the jewellery for your own record too while making them insured.

Do not follow with that insurance company which offers only the lowest premium but check the past track record in terms of claims and the service levels. Never get carried away with the low premium, there could be wide differences in the premium and claim service levels. Always, have a comparative view in respect to the multiple insurance companies and choose one which you feel is the best in service levels and claim track record.

Also, one may too get a valuation done of the jewellery through his own jeweller before going in for the insurance. As these jewellers are in this business, its best to take there advise and gives it weight for choosing insurance on the gold ornaments. Remember, insurance could act as slight expense in the beginning but it prevents one from a casualty. Take a positive side and have a peace of mind.

Godfrey-Morrow Calgary Insurance Brokers and Financial Services

Godfrey-Morrow Insurance of Calgary and Alberta provides clients with objective insurance and financial consultation. Whether your needs are personal or business-related, our promise of outstanding service to our clients is not idle rhetoric. It is our passion. It has been the major difference in our approach to insurance since our founding companies were developed in 1925.

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Godfrey-Morrow are Calgary insurance brokers who work to treat you the way you want to be treated. We are structured to service your needs at all hours of the day in ways most convenient to you. You may submit claims or contact your insurance broker via the Internet, face-to-face, fax, telephone or any combination of these. We also feature a free that is available for Androids, Blackberries and iPhones, and makes informing us of an accident or claim quick and easy.

We are an extremely efficient, well-organized distributor of insurance and financial service products. At Godfrey-Morrow, we distribute our products through unique structures and systems and only employ highly motivated, accredited insurance brokers who individually and collectively have a passion for customer service.

Your busy life does not need to stop because of insurance or financial service needs. We are here to help you with as little disruption as possible. Our employee-developed Mission Statement says it all: If its important to you, its important to us!

Godfrey-Morrow Insurance Brokers Calgary and Alberta: Personal Insurance Options

Godfrey-Morrows personal insurance options include: Car/Auto Insurance, Property/Home Insurance, Life Insurance, Travel Insurance, Disability Insurance, Critical Illness Insurance and Supplemental Health Insurance.

Godfrey-Morrow Insurance Brokers Calgary and Alberta: Business and Commercial Insurance Options

Specialists in , Godfrey-Morrows choices include: Commercial Auto Insurance, Oil & Gas Insurance, Office Insurance, Retail Insurance, Contractor’s Insurance, Non-Package Commercial Insurance, Equipment Breakdown (Boiler and Machinery) Insurance, Directors and Officers Insurance, Fidelity, Surety and Crime Insurance, Business Property Insurance, Errors and Omissions Insurance, General Liability Insurance, Product Liability Insurance, Group Health Insurance, Key Person Insurance, Employment Practices Liability Insurance (EPLI) and Workers Compensation Insurance.

Godfrey-Morrow Insurance Brokers Calgary and Alberta: Specialty Insurance Options

Godfrey-Morrows specialty insurance options include: Classic/Collector Car Insurance, Watercraft/Boat Insurance, Motorhome/RV Insurance, Motorcycle Insurance, Snowmobile and ATV Insurance and Trailer and Camper Insurance.

Godfrey-Morrow Insurance Brokers Calgary and Alberta: Financial Services
Godfrey-Morrows financial services include: Effective Investing, Building a Financial Plan, Financial Check-in, Universal Life, Registered Plans and Mutual Funds.

If you do not see your specific insurance need listed above, please contact us. As insurance brokers in Calgary, we are able to work with our providers to ensure you are covered at all times.

Spawn Bank Accounts could solve world hunger

The problem as I see it is that trying to raise funds to try and stop world hunger is somewhat a futile endeavor. Not that it is not worthwhile cause, but that the way the funds are allocated and used are not correctly utilized or implemented. The funds are not even replenished correctly in my point of view.

The Solution
What if donations are collected and saved in a bank account and not touched by anyone. But instead use the interest to spawn new bank accounts and use the interest from those spawned accounts to help fight world hunger. The idea is to use the strength and weakness of currencies as an advantage. .

Step 1
Create a main bank account in a country with the strongest currency. Then obtain, request, and save funds into this bank account. But most importantly never withdraw money from this account, only use the interest earned from this account for step 2. Hopefully the funds in this main account will be large enough for this to work, maybe an amount above 1 Billion would be sufficient. Then, in the same country with the strongest currency create bank accounts for every country to be used in Step 2. Also create bank accounts locally in the selected countries to be used in Step 3.

Step 2
Every month transfer interest earned from the main bank account into a selected countries bank account. Then select another country for the next month. Then if all countries had been given interest from the main account, create a new cycle of selection.

Step 3
Every month transfer interest earned from the countries bank account from the strong currency into a selected country’s bank locally. Then use the money in this local bank account to feed the people in the selected country. Remember that money is transferred from a strong currency, and because of this more money will be available to feed the people – Hopefully.

Additional notes:
If 5 Billion could be saved/raised, then the interest could be split monthly between 5 countries.
If 10 Billion could be saved/raised, then the interest could be split monthly between 10 countries.
Thus the more money could be raised/saved, the faster the benefits will be seen.

Author Bio:
N.G van der Westhuizen is a software developer currently working on an open source Lotto database application.